I made the stupid decision to get involved with PayDay loans 3 years ago and need some advice please on how to deal with them. The following loans all became over-due in December 2012 Wonga - Owe 1900 - original was 1000 Toothfairy finance - owe 2800 - original was 400 and received email from DigitalFinancialServices UK today Minicredit - 2800 - 80 original PayDay Express - 1800 - 250 original WageDayAdvance - 2800 - 250 original PayDayUK - 1000 -250 original I've moved address multiple times due to being a student and can't access my older addresses, I've tried calling multiple times to chance my address but the accounts have been sold on and it's impossible to get the details from then What should my next steps please? I don't have a job and have a student loan and credit card to pay off, currently a master's student living at home and funded by parents

Hi All Today i had a letter from logbook loans concerning my car. As i have just bought a vehicle from a garage which advertised the vehicle on auto trader as being hpi clear i trusted that it was hpi clear as the vehicle was bought from a garage. the debt was taken out in January 2014. After doing further inquiries with the garage he used a text message service and emailed it to me suggesting it was hpi clear. I called the number on the text message service that the garage used and it appears that he only had a data check done on the car not a hpi check (i believe that false advertising was used here). Then i contacted auto trader and asked for copies of the original advert which have been provided. Its fair to say both auto trader and the company that the garage owner purported to get an hpi check on are not happy and both have contacted trding standards. However it leaves me withe original debt which i will have to (and intend to) fight through the courts. My car is being hidden atm any ideas of what to do next as to shutting garage down nd fighting debt

My daughter has told me that she took a log book loan on her car Grrhh! She borrowed £100, has so far paid £600 and reckons that by the time she has made the final payment she will have paid £3000, Can this be challenged ? Are there any template letters? Thanks

Iv'e got 3 pay day loans and am struggling to pay them off. whats the best way to go about dealing with them? I'm trying to avoid going to court, ccj's etc but cant afford to pay them off in one go.

Hi, I currently have outstanding loans with all 3 companies, and am in a position to finally pay them. I think I have previously given each company the right to attempt to take the outstanding amount out of my current bank account, but have not had the funds available, which I now will have in a few days or so. I was just wondering what I should be looking to repay (I have had these loans for about a year now so expect the interest to be high), I was just wondering what are the next steps that I should take before paying off the loans. Any help will be appreciated.

Hi Guys, This is my first post so please bare with me. I have received my credit reports this morning from both Experian and Equifax. I have a lot of outstanding defaults that I am looking to pay off and clear, due to being an inexperienced teenager suffering from a gambling addiction led to problems with finances which have now been resolved. I have read a few posts regarding Motor Mile Finance which prompted me to type this post. on my Experian report i have 4 defaults from MMF for around £2,500 in total and 2 defaults on my Equifax report for differing amounts of around £900 I also have a CCJ who is with Tower Capital Ltd but I can't find their contact details anywhere. Firstly, I'm looking for some advice on which route I should take? dispute the amounts of defaults? pay them off in full? barter with them and try and get the amounts reduced? Any advice on how to approach this would be much appreciated. Thanks in advance.

The Broadcast Committee of Advertising Practice (BCAP) is launching a review of how the advertising rules are being applied to payday loan advertising appearing on TV to ensure that young people, in particular, continue to be protected. Payday loan advertising has attracted concern across society, including Government, media, consumer protection bodies and the public as the use of short-term, high-cost credit has increased during the economic downturn. In that context, BCAP consider it is timely to review how the advertising rules are being applied. BCAP has published terms of reference, which set out the scope and approach of the review. Find out more

I am currently pondering whther to submit a claim for mis sold PPI to Tesco for a number of loans I have held with them over about 10 years or so. The PPI was always included in the loan (front loaded), I was never advised of alternative products, never aksed if I had adequate cover in place already and also advised that it would make the success of my application more likely should I opt to take thier PPI. A number of loans were rolled over & I need to do some calculations about the exact amounts (probably after sending SAR), however things got a little complicated last year. I had two loans (Loan 1 & Loan 2) running at the time (bear with me here as I may start to ramble a llittle!), we were struggling financially (although not enough to claim through the PPI even if we had wanted to) & I had asked Tesco for help by reducing payments (Loan 1). Tesco refused & we fell behind on Loan 1. Tesco then issued a defualt notice for both Loan 1& Loan2, quickly followed by issuing of court papers. Now I intended to fight all of the way, tooth & nail as one of their "customer service agents" had told me that they automatically place ALL accounts into default as soon as just one of them is in default?? (Go figure!) As the papers flew through the mail system I received a statement from one of their "representatives" which clearly stated that their automatic system was "foolproof" & " didn't make mistakes", however further in the statement he admitted that a default notice HAD been issued by mistake & that as a result of this admission they would be discontinuing that part of their claim against me (Loan 2) but pursuing Loan 1. I managed to borrow the money from my in laws & paid off Loan 1, my understanding was that Tesco had rendered Loan 2 unenforceable due to unlawful recission by way of admitting they issued a default notice on an account which was not in default. However, after around 6 months I received a statement from Tesco out of the blue which showed the balance of Loan 2 PLUS all of the legal costs from the court action relating to Loan1, this now amounting to something like 14k!! My questions are: 1. Should I be worried about this paperwork they have now started to send through (I have never acknowledged any of it but i wonder if they are trying to get it to the point when they can argue that they did issue a default notice which was in full compliance before pursuing me for it)? 2. If I do submit a claim will Tesco try to pursue me for this Loan 2? Or if they do offer redress can they try to offset it against the amount they claim is owed on Loan 2? 3. Am I opening a really messy can of worms?? As a footnote once all of the amounts have been claculated & had interest included the amount could be fairly substantial... ..but it is money that they are not entitled to keep or use surely?? Any thoughts or advice greatly received.

SO long story short, I need to somehow magic up £300 or so in the next few days - i've chased every possible avenue (family/friends/selling stuff/etc) and this is my last resort by far. Now I had a tiff with payday loans last year and never ended up paying back so my credit history is a joke. Is there anywhere I can find a payday loan with such terrible credit? I know it's terrible for my financial future but that is something i'm willing to deal with at a later date. (I've tried all the mainstream ones such as quickquid/wonga/minicredit etc) and they all say no. If this is in the wrong place i apologise, not really much of a forum guy

Hi guys Could do with some advice! My loan was due on 11/05/2014 - amount borrowed was £100 -Payback £120 for a month. Due to personal reasons I did not have the cash available to pay them back, the balance is now £165.. I asked if they could freeze it until the end of the month and ill pay it off in 1! they said by this time the loan will be £300! I cannot afford this.. Am I right in thinking that I should only have to payback the loan amount and one months interest? Advice greatly appreciated as this is a stressful time. Cheers! Karl

I took a loan out with log book loans in August last year. Lost my job tried to negotiate without fail. They took my car in Jan of this year. borrowed 1200 to get it released. tried to negotiate again without success. Two weeks ago police seized my car because my licence had been revoked. Went to pick my car up and log book loans has taken it. Can anyone help me?

hi all on 09/01/2014 I had £69.95 deducted from my ban from merrywood loans, after having a read around I realised that id fallen for a 'loan broker' site a few weeks earlier and had signed up to there membership basically without knowing. I also read that I could get my money back minus a £5 fee which they are entitled to keep. So I firstly rang merrywood who told me id have to put the cancellation in writing which I did, 2 weeks later I heard nothing from them so I rang them up and they said it will take up to 30 days to process. I left it five weeks (till the end of feb) and rung again and they 'apologised for my refund being held up' and said it would be processed that day (28/02/2014).a week later and still nothing, another call back and they said the same thing. I have just rung up again and have been told its still in a cue, its approaching 2 and a half months now and im getting really annoyed. I know I was stupid and naïve in the first place to fall in to this trap but at the end of the day ive been promised my money over five times now and still haven't received it and every time ive asked to speak to a manager they say 'manager's don't take calls'. Could somebody please advise me on what I can do here to get it back?

Hi, and Hello to those of you that know me already! My daughter has a loan with SLC and had to drop out of Uni after a year do to Mental Health Issues, that was about 4 years ago, she is still having these issues and has been on ESA for most of this time. Because of this, I have been dealing with the debts that she built up (due to mental health issues) and I have managed to sort most of them apart from SLC, I have given them proof that she is on ESA but I wont given them her address as she is a vulnerable person and isn't tough enough to deal with it. She gets about £52 per week to live on, I pay her rent so that I know she will have a roof over her head, everything else, gas, electricity, food, clothes, travel, she has to pay for. This morning SLC have phoned me to say that it is their Policy that even if you are on benefits, you have to pay something and he suggested between £10 and £30 pounds per month! I asked him if he could live on that amount of money and he declined to answer, I also told him that if he kept ringing and harrassing me for payment, I wouldnt be amused. I also stated that once she was fit for work and was earning, she would make arrangements to pay. He them told me that they might have to take further action, I wished him luck taking a vulnerable person to court for a debt that they wouldn't be able to pay because they are on benefits. I asked him to send me an income and expenditure sheet but I could do with some advice as I am not sure where to take it from here.

Hi guys, Bit of a strange one possibly! My Dad had 2 reasonably large loans, as he has been permantly signed off as unable to work again, the PPI he has is actually paying these off until clear, have it in writing and a few years to go on them yet. This is obviosuly very good and peace of mind. Now I believe the PPI could have been misold, but are obviously being used and needed now, however there have been several loans prior to the current two, each time clearing the old and borrowing a bit more. Really makes me cringe and wish I had know each time another was taken to help undo the mess. I am thinking is it worth looking into the whole PPI issue, maybe not for the current ones as its being used and I fear it could rock the boat, but moreso the older ones which have been closed? Am totally new to this side of things so dont want to go and open a can of worms! Would appreciate any thoughts from y'all. Cheers E

This question/scenario may have been answered many times before but I can only find bits and pieces and they don't fully answer my problem. I have previously had loans and mortgages where I believe I was told I needed PPI. However in all cases these are older than 6 years, the loans have been repaid and I don't have the paperwork and in some cases I am not 100% sure of the provider (1st mortgage). I have registered with a credit checker but this doesn't seem to have the details (unless I'm missing something on the website). Anybody help with this or is it all just a lost cause now?

Hi, I recently contacted CFO Lending with regard to a total outstanding debt of £800 that i am struggling to repay. They have offered to let me pay the debt off over a period of four months which initailly i was pleased with. However these payments are still too high for me to afford and I think there may be a way for me to dispute these high payments? Does anyone have any experience of dealing with CFO Lending or any other options available to me? I am prepared to pay off the debt but only at comfortable payments that i can afford. Any help is much appreciated. Thank you!

Hi all, I have been in Canada for 8 years now and have no contected the slc for six years but to day i had a letter from my old address saying that they sold the loan to erudio can they come after me in Canada or send a bailiffs to my house. firefox

Hi does anyone have upto date bank details please for myjar?? no debit card at moment and want to pay them something this week but don't want them to know just yet I cant pay in full. many thanks

Hi All, Firstly I have been through so many threads and my head is blowing up. This is my first thread and wanted to say the great work from DX100uk and WarrenBuffet is great! Anyway to my thread now, I've received a statement from Erudio saying that the student loans have been transferred to them, also that I have a CCJ on my account which will be passed on to their legal team and that they will contact me in a few months and some 10 pages of waffle included about the terms. Ok from my point I had the old style loans from 96 to 00. I then went on to study further onto a masters, at which point slc went on to ccj me. Ruined my credit for 6 yrs. I did not have any contact with them or even acknowledgement of a ccj...kept quiet... Nothing was enforced, don't even rememeber link or any of the others... As far as I am concerned the ccj dropped off in 2009, then a few letters that job had the debt and then a yr ago a letter from jjb saying they are selling it back to slc, followed by a statement from slc giving a breakdown of my loans rtc and that it's just a statement. Then now this Erudio sale/statement.... Not sure what to do, do I stay quiet again? Please advise

Hi, ofcourse I stupidly took several loans out with TFF, you ll know the story of them going into admin. but my question is, who owns these loans now? can you post links to their websites too. Thanks

Hi All, Really hope someone can help me with my predicament. Around June 2013, i stupidly took a payday loan with 1st Stop Group. The amount was £250 and unfortunately i couldnt pay the repayment due of around £325 therefore i contacted them immediately and informed them. I asked if i could pay £100 per month which was point blank refused. I then heard nothing more (despite chasing them daily to resolve the matter!) for around 4 weeks. I then received an email stating my bill was now £500 and again, they would NOT accept £100 per month and that failing repayment of the full balance, they would start CCJ proceedings, i again pleaded to them to accept £200 per month for 2 months and £100 final month. They again point blank refused and would not even begin to negotiate a repayment plan to repay the debt. The next thing was court letter with a claim for £640 roughly, i replied to the courts with all correspondence showing that i had tried my utmost to resolve this matter and 1st Stop Group refused point blank to do anything but request the balance in full. I included all correspondence between myself and 1st Stop Group and low and behold, the court sided with them and entered a CCJ against me for the full amount. I stated the full amount should be paid within 21 days, which i simply wasnt able to do so i contacted the courts and they told me to contact 1st Stop and see if they will accept a payment plan, which i did. Low and behold, i contacted 1st stop who then ACCEPTED £100 per month (after the CCJ has been entered!) yet they were unwilling to even discuss a repayment plan beforehand. I requested their bank details and was point blank refused again, i was told the only way i could pay it was by debit card and i was not willing to hand over my debit card details. The next thing was a letter through the post with an attachment of earnings order application and the amount now around £840, i replied to the courts outlining how ridiculous this whole situation is, showing that they were unwilling to discuss a repayment plan before the CCJ, showing that they wouldnt give me their bank details, and i was legally obliged to provide all my outgoings which i duly did. My outgoings leave me roughly £220 per month after all bills. The court ignored my letter and replied with a suspended attachment of earnings order for 21 days, stating the full amount of £840 is to be paid within 21 days or the attachment of earnings order will be sent to my employers. When i am only left with £220 a month how can they state a "monthly payment of £840 until the full balance of £840 is paid in full". I dont want this going to my employers and quite honestly, i'm not only disgusted with 1st Stop Group but also the courts who it seems genuinely ignored every piece of correspondence i sent to them outlining the situation. They seemed to immediately just side with 1st Stop on everything despite my genuine attempts to resolve this matter on numerous occasions. I'm now in the position where i'm going to have to sell my car to one of these horrible cash for cars places to get this paid in the next couple of weeks in order to not have the attachment of earnings order sent to my employers (which would no doubt cause me lots of trouble in my job). Please, if anyone has any advice i'd really appreciate it as i'm depressed, not sleeping, and quite frankly disgusted with this company who had no intentions from day 1 of doing anything other than going through the courts. Regards, B&T

Hi, please can someone advise me. I have had my complaint updheld by Natwest for 10 loans with PPI. The 10 loans total £127K. Today Natwest sent me 10 letters and added up together the offers add up to just over £4K. I have wriiten back saying this is no where near enough compensation and that they need to up their offer. Is this normal that they would offer such a small amount. Natwest say that as my loans are part of a chain so the offers are small. One of my loans the last of a chain of 5 loans is for £25K and they have only offered me £56.00 ! which does not seem correct. Any advice would be most welcome.

Hi, Hopefully someone here can help or give me some advice regarding ppi and this single premium ppi. since 1999 my partner has had several loans with lloydstsb including credit cards. The first loan she took out in 1999 (struggling to find details except for policy number), the next in 2001, 2003, 2004, 2005. Each of the these policies had ppi on them, paid for as 'premium advanced as part of loan', I believe also known as single premium ppi. Each loan from 2001 was a consolidation of debts (2001-£2500, 2003-£5500, 2004-£8000, 2005-£16000), and thus none of these loans ever reached its full term, though if I understand correctly, with premium advance as part of loan, she would have paid for the whole ppi cost upfront on the loan, which was then added on each loan thereafter as well as the interest they charge. I'm told that these single premiums are part of mis selling?! The final loan in 2005 was paid off early in whole, would this therefore have included all the ppi too? If so surely this should be refunded also. Digging through old paperwork we have found three of the personal loan agreements Which we have been trying to get our heads around. Two of the agreements show cash loan to you, optional loan protection insurance loan, loan for repayment of existing debts owed by you and total loan ( e.g. 2004 consolidation loan, cash loan to you £2000, optional loan protection insurance loan £1800, loan for repaying of existing debts owed by you £6500, total loan £10000. Under those headings the monthly premium £42, £37, £135, total £215. The loan protection monthly payment is almost as much as the cash loan of 2k) Only one of them actually states the interest on the loan protection loan giving the total price of the loan protection, the others dont. (Seperate to the fact that she was advised to have ppi from what she can remember when she took out the policies in the branch, it was recommended even though she had an income protection plan already running from 1997 which was also purchased through lloydstsb which she is still paying to date?!, why would someone take out ppi when u already have some cover in place should illness or accident become an issue) Sorry this maybe slightly long (and hopefully am in the right area in the forum), but just wanted to try and explain as well as I could. Am I right that this is indeed miselling? When speaking to Lloyd's over the phone they requested a questionnaire be completed and returned to them. We have a lot of the details but not all of them. What concerns me is wording the complaint in the right way, I'm told its crucial, can anyone offer any advice or who would be best to speak ref this. Any help or already worded paragraphs would be greatly appreciated Many thanks

Hi, My husband has a query and would be very grateful if anyone could offer any input: I took out a couple of student loans back in 1995-96. Up until now I have always deferred repayment due to earning below the national average but have always replied to the repayment requests promptly and fully. I was informed towards the end of last year that my loans had been sold off to a company called Erudio Student Loans. A few days ago I received a repayment request from them with requests for bank details etc. This time I will be unable to defer as I am now earning above the threshold but I am concerned about the legitimacy of this request. I didn't take out my loans with people and am not sure I should be giving them any money. I have been reading through threads on this forum and am interested to know whether it would be worth attempting to pursue it as if it was any other type of sold-off loan ie check my CRA and then write to Erudio to see if the have a true copy of the cRedit Agreement? If so, does anyone have and thoughts or advice on how to proceed? Many Thanks

http://www.credittoday.co.uk/article/15150/online-news/debt-buyers-snap-up-securitised-loans